Davis Polk advised the initial purchasers in connection with Azul Investments LLP's $400 million offering of 5.875% senior notes due 2024, which were issued pursuant to Rule 144A and Regulation S under the Securities Act. The notes are unconditionally and irrevocably guaranteed by Azul Investments LLP’s parent company, Azul S.A., and by Azul S.A.’s operating subsidiary, Azul Linhas Aéreas Brasileiras S.A.

Azul is the largest airline in Brazil in terms of departures and cities served.

Greenberg Traurig advised Alior Bank on the establishment of a bond issuance program with a nominal value of up to PLN 1.2 billion.

The prospectus was approved by the Polish Financial Supervision Authority (KNF) and allows multiple issuances, within 12 months of its approval, of ordinary or subordinated bonds with a total nominal value of up to PLN 1.2 billion, and a total nominal value of all subordinated bonds issued under the prospectus not exceeding PLN 600 million.

International law firm Watson Farley & Williams (“WFW”) advised Banca Popolare di Milano S.p.A. (“BPM”) regarding a US$28.8m loan facility granted to L.G.R. di Navigazione S.p.A.  (“L.G.R. di Navigazione”) and secured by, inter alia, mortgages over two medium range ice class tankers, the “Cenito” and “Posillipo”.

Davis Polk advised the representatives of the underwriters of the initial public offering by Sea Limited of 58,960,000 American Depositary Shares, each representing one Class A ordinary share of Sea, for total proceeds of $884.4 million. Sea has granted the underwriters an option to purchase up to an additional 8,844,000 ADSs. The ADSs are listed on the NYSE under the symbol “SE.”

Clifford Chance advised the Inter-American Investment Corporation ("IIC"), Banco Santander and ICBC in connection with the financing of the 98.5MW El Corti wind farm in Bahia Blanca, Argentina. The US$104 million loan package provided to an affiliate of Pampa Energía S.A. and Castlelake LP was the first financing by international lenders to a project developed under the RenovAr renewable energy program in Argentina. IIC provided an A loan of US$31.5 million while Banco Santander and ICBC teamed up to fund a B Loan of US$72.5 million.

Shearman & Sterling advised a consortium of banks (Bayerische Landesbank, Commerzbank Aktiengesellschaft, ING Bank, Landesbank Baden-Württemberg, Landesbank Hessen-Thüringen Girozentrale and Norddeutsche Landesbank–Girozentrale) on a long-term refinancing for Allgeier. The revolving loan facility of €180 million provides flexibility for further growth.

Dentons acted as Ukrainian legal counsel to VTB Bank Germany in respect of the restructuring and acquisition of the US$75 million loan to a large development company and security package from VTB Bank Ukraine. Dentons team provided legal support with structuring of the transaction, drafting of the transaction documentation as well as provided regulatory advice.

Dentons team was led by Kyiv partner Natalia Selyakova with significant input from London Partner Evgenia Laurson (English law advice) and associates Nadiia Shylienkova and Artem Lukyanov.

Triodos Bank has again instructed TLT to advise on a multi-million pound investment in UK solar farms, as TLT witnesses a continued strength in financial backing for clean energy.

Triodos has provided £17.9 million of loans to two UK solar projects for Spanish developer Gamma Solutions SL. The transaction combines £15.1 million of project finance loans from Triodos Bank with £2.8 million of mezzanine loans from the Triodos Renewable Europe Fund.

Ashurst advised Ardian Private Debt on the financing of the acquisition of German nursing home operator EMVIA Living by private equity firm Chequers Capital (Chequers). EMVIA Living was sold by MK-Kliniken AG (formerly Marseille-Kliniken AG).

The financing is another milestone of Ardian Private Debt's activities in Germany. The parties have agreed not to disclose the purchase price and financing volume.
EMVIA Living is present in 12 German federal states and has 46 care facilities.

Cleary Gottlieb represented Morgan Stanley & Co. LLC, Santander Investment Securities Inc., J.P. Morgan Securities LLC, BB Securities Limited, Banco Bradesco BBI S.A., Banco BTG Pactual S.A.—Cayman Branch and XP Securities LLC as the initial purchasers in the $325 million bond offering by JSL Europe, guaranteed by JSL S.A.

The bond offering consisted of a private placement in the United States under Rule 144A and outside of the United States in reliance on Regulation S.